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IG Petrochemicals Ltd.
(IGPL)
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Rating:56Neutral
Price Target:
₹594.00
▲(50.72% Upside)
Action:Reiterated
Date:08/27/26
The score is held back primarily by weak recent financial performance, marked by a sharp drop in profitability and volatile, recently negative free cash flow. These risks are partially offset by strong technical momentum (price above key moving averages with positive MACD) and a broadly fair valuation, resulting in a mid-range overall score.
Positive Factors
End-market diversification
IGPL’s core product is an industrial intermediate used across several downstream applications, including resins, coatings and plasticizers. This broad customer base can support demand resilience because weakness in one end market may be partly offset by activity in others over the medium term.
Negative Factors
Profitability reset
The sharp decline from healthy profitability to near break-even earnings shows that IGPL’s recent earnings power is not stable across business conditions. Persistently compressed margins would reduce internal funding capacity and make recovery more dependent on an improvement in operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
End-market diversification
IGPL’s core product is an industrial intermediate used across several downstream applications, including resins, coatings and plasticizers. This broad customer base can support demand resilience because weakness in one end market may be partly offset by activity in others over the medium term.
Read all positive factors
IG Petrochemicals Ltd. (IGPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹16.24B
Dividend Yield0.95%
Average Volume (3M)2.91K
Price to Earnings (P/E)19.9
Beta (1Y)1.30
Revenue Growth-0.88%
EPS Growth34.57%
CountryIN
Employees517
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)26.51
Shares Outstanding30,794,850
10 Day Avg. Volume2,160
30 Day Avg. Volume2,913
Financial Highlights & Ratios
PEG Ratio-4.70
Price to Book (P/B)0.77
Price to Sales (P/S)0.53
P/FCF Ratio-12.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)46.4
Revenue Forecast (FY)₹24.56B
IG Petrochemicals Ltd. Business Overview & Revenue Model
Company Description
Based in Mumbai, India, and founded in 1988, I G Petrochemicals Limited operates as a producer and global distributor of organic chemicals. Its product lineup features phthalic anhydride, an essential component for plasticizers, alkyd resins, pain...
How the Company Makes Money
IGPL primarily makes money by manufacturing and selling phthalic anhydride (its core product) to industrial customers who use it as a key intermediate in producing plasticizers, alkyd/other resins, unsaturated polyester resins, and coatings. Reven...
IG Petrochemicals Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
67
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.73B | 19.25B | 22.06B | 20.94B | 23.52B | 18.83B |
| Gross Profit | 3.98B | 2.57B | 5.19B | 1.33B | 5.52B | 6.28B |
| EBITDA | 2.18B | 1.20B | 2.19B | 1.36B | 3.40B | 4.14B |
| Net Income | 816.47M | 22.19M | 1.09B | 395.13M | 2.00B | 2.65B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 23.00B | 22.11B | 21.35B | 19.92B | 16.51B |
| Cash, Cash Equivalents and Short-Term Investments | 2.00B | 2.59B | 2.67B | 2.31B | 2.60B | 1.75B |
| Total Debt | 0.00 | 3.62B | 2.69B | 3.68B | 2.54B | 1.73B |
| Total Liabilities | -13.33B | 9.68B | 8.72B | 8.88B | 7.57B | 5.89B |
| Stockholders Equity | 13.33B | 13.33B | 13.39B | 12.47B | 12.35B | 10.62B |
Cash Flow | ||||||
| Free Cash Flow | -1.18B | -792.00M | 1.24B | -1.37B | -73.45M | 94.15M |
| Operating Cash Flow | -385.86M | 837.73M | 2.61B | 371.93M | 2.33B | 1.09B |
| Investing Cash Flow | -177.49M | -1.09B | -919.97M | -1.15B | -2.55B | -1.06B |
| Financing Cash Flow | 10.33M | -145.49M | -1.38B | 479.26M | 206.14M | -187.97M |
IG Petrochemicals Ltd. Technical Analysis
Neutral
394.10
Price Trends
546.50
Negative
497.26
Positive
440.62
Positive
Market Momentum
-7.04
Positive
42.93
Neutral
28.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IGPL, the sentiment is Neutral. The current price of 394.1 is below the 20-day moving average (MA) of 559.58, below the 50-day MA of 546.50, and below the 200-day MA of 440.62, indicating a neutral trend. The MACD of -7.04 indicates Positive momentum. The RSI at 42.93 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:IGPL.
IG Petrochemicals Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹6.50B | 9.04 | ― | 1.81% | -7.71% | 12.35% | |
68 Neutral | ₹12.54B | 6.98 | ― | 0.69% | 19.19% | 487.80% | |
62 Neutral | ₹10.14B | 7.10 | ― | 1.33% | -2.43% | 81.18% | |
56 Neutral | ₹16.24B | 19.91 | ― | 0.95% | -0.88% | 34.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹29.92B | 24.53 | ― | 0.51% | 48.57% | 57.30% | |
46 Neutral | ₹9.15B | -363.67 | ― | 0.29% | 10.11% | -109.93% |
* General Sector Average
IN:IGPL
IG Petrochemicals Ltd.
527.25
114.71
27.81%
IN:ESTER
Ester Industries Limited
87.70
-23.53
-21.15%
IN:KOTHARIPET
Kothari Petrochemicals Ltd.
110.50
-32.60
-22.78%
IN:MANALIPETC
Manali Petrochemicals Limited
72.93
-1.06
-1.43%
IN:POCL
Pondy Oxides & Chemicals Ltd.
392.25
-183.62
-31.89%
IN:TNPETRO
Tamilnadu Petro Products Ltd.
112.65
-3.37
-2.91%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.